Animas Resources Ltd.
TSX VENTURE : ANI

Animas Resources Ltd.

November 28, 2007 17:19 ET

Animas Resources Options Additional Properties in the Santa Theresa Mining District and Announces Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2007) - Animas Resources (TSX VENTURE:ANI) has optioned additional property from two arms length parties in the Santa Theresa mining district. These properties are strategic in relation to Animas Resources' past producing gold deposits and existing land package and are contiguous with, or in certain cases, surrounded by, the Santa Gertrudis Gold Project.

Transaction terms

Don Victor Option Agreement

On July 24, 2007, the Company signed an option agreement to purchase three mineral claims in the Santa Gertrudis Property by making the following cash and share payments over 4 years:



Amount in cash (US$) Amount in common shares (US$)

At signing $ 25,000(1) $ 20,000(1)
July 24, 2008 25,000 25,000
January 24, 2009 30,000 35,000
July 24, 2009 30,000 47,500
January 24, 2010 35,000 55,000
July 24, 2010 35,000 65,000
January 24, 2011 40,000 70,000
July 24, 2011 40,000 87,500
January 24, 2012 45,000 90,000
July 24, 2012 45,000 105,000

Total $350,000 $600,000

(1) Cash payment was made after period end and the Company had a verbal
agreement with the vendor of the option agreement to issue the common
shares as soon as possible.


Albelais Varela option agreement:

Animas Resources has paid US$20,000 upon signing; US$20K will be paid at the end of each of the following option periods from the date of signing: 12 months, 18 months, 24 months, 30 months, 36 months, 42 months, 48 months, 54 months, 60 months for a total of US$200K. Additionally, as the final option payment Animas Resources will pay and additional US$20K. The total for the transaction over 5 years will be US$220K.

The Don Victor and Albelais Varela option agreement's are subject to the TSX Venture Exchange's approval.

Financing

Animas Resources has also arranged a non-brokered private placement of 1.5 million Units at $1.00 per Unit for gross proceeds of $1.5 million. Each Unit is comprised of one common share and one non-transferable warrant. Each two warrants entitle the holder to purchase one additional common share for a period of 18 months at a price of $1.50 per common share.

The financing proceeds will be used for acquisition payments, general corporate purposes, and drilling at the Santa Gertrudis property.

About Animas Resources Ltd.

Animas Resources Ltd., a North American mineral resource company focused on acquisition and discovery in Latin America, has re-consolidated the Santa Teresa District's Santa Gertrudis gold deposits and prospects within a 323.75 square kilometre land holding. The Company also controls the 274 square kilometre Shirley exploration concession in the Bacanuchi area of Northern Mexico.

This news release was prepared by Company management who take full responsibility for content.

For additional information, contact Animas Resources Ltd. at 604-687-6197 or you may register to receive future press releases at www.animasresources.com.

Gregory E. McKelvey, M.S. (Geol.), President & Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Animas Resources Ltd.
    Gregory E. McKelvey, M.S. (Geol.)
    President & Director
    (604) 687-6197
    (604) 688-3392 (FAX)
    Website: www.animasresources.com